Community Banking and Fintech

Much as Plaid relies on connectivity to banks for bank data, payroll APIs rely on connectivity to the underlying payroll systems. One interesting dynamic will be how platform accessibility plays out. Banks have a love-hate relationship with Plaid, in that they’re often reluctant to allow consumers to access their data via third parties. That retice... See more

Vertical neobanks are an emerging flavor of embedded finance, that happen to be on the issuing side rather than the acquiring side. They offer a product with core financial benefits, that differentiate them from the majors (Chase, Wells, BofA, Citi).

Universal access to payroll data holds promise for lenders, neobanks, employers, and B2B fintech companies in distinct and interesting ways.